LayoffBlog.com

January 30, 2009

Chartered Semiconductor to cut 600 jobs

Chartered Semiconductor Manufacturing Ltd. said it would cut 600 jobs, about 8% of its global work force, as it swung to a fourth-quarter net loss amid a drop-off in demand and delayed deliveries.

90% of the job cuts announced will be in Singapore, chief executive Chia Song Hwee told BT in a telephone interview.

~News submitted by Steve~

Source: Singapore Retrenchment Blog

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